Watertown Area Swim Club
- Assets
- $182.4k
- Revenue
- $252.7k
- Investments
- $0.0
- Employees
- 13
- Location
- Watertown, SD
- Founding
- 03/1977
- Data as of
- 08/2022
- EIN
- 46-0337969
Organization Overview
Watertown Area Swim Club is located in Watertown, SD. The organization was established in 1977. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 08/2022, Watertown Area Swim Club employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watertown Area Swim Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Watertown Area Swim Club generated $252.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $253.2k during the year ending 08/2022. While expenses have increased by 6.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMPETITIVE SWIMMING INSTRUCTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INSTRUCTION TO YOUTH FOR COMPETITIVE SWIMMING AT THE STATE AND NATIONAL LEVEL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Bierschbach Executive Director | Officer | 40 | $24,100 |
Kris Lauseng Vice President | OfficerTrustee | 0.5 | $0 |
Julie Kranz Secretary | OfficerTrustee | 0.5 | $0 |
Josh Hoftiezer President | OfficerTrustee | 0.5 | $0 |
Dorothy Mcareavey Treasurer | OfficerTrustee | 0.5 | $0 |
Dave Greenman Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $111,503 |
| Fundraising events | $45,903 |
| Related organizations | $0 |
| Government grants | $13,260 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,181 |
| Total Program Service Revenue | $76,476 |
| Investment income | $497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,434 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,034 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $252,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,100 |
| Compensation of current officers, directors, key employees. | $6,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,019 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,939 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,304 |
| Information technology | $1,482 |
| Royalties | $0 |
| Occupancy | $16,827 |
| Travel | $10,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $821 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,078 |
| Insurance | $2,198 |
| All other expenses | $0 |
| Total functional expenses | $253,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,668 |
| Savings and temporary cash investments | $143,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $36,771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $182,442 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,137 |
| Total liabilities | $1,137 |
| Net assets without donor restrictions | $181,305 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $182,442 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Watertown Area Swim Club has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Watertown Area United Way Watertown, SD PURPOSE: YOUTH SPORTS | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitefish Community Aquatics And Health Center Whitefish, MT | $2,592,588 | $4,004,806 |
United States Team Penning Assn Inc Cheyenne, WY | $443,559 | $2,777,918 |
Rochester Swim Club Orcas Rochester, MN | $1,478,113 | $1,744,806 |
Usa Swimming Inc Minnetonka, MN | $1,086,906 | $1,178,043 |
Casper Boat Club Casper, WY | $389,864 | $670,282 |
South Metro Storm Swim Club Lakeville, MN | $230,213 | $738,939 |
Edina Swim Club Inc Edina, MN | $440,938 | $736,378 |
Eden Prairie Foxjet Swim Team Eden Prairie, MN | $301,926 | $531,103 |
Minneapolis Sailing Center Minneapolis, MN | $376,071 | $638,488 |
South East Metro Sharks Swim Club Woodbury, MN | $391,727 | $538,632 |
Lake Minnetonka Sailing School Inc Excelsior, MN | $855,340 | $488,054 |
Great Wolf Swim Club Minneapolis, MN | $58,952 | $393,789 |